Top 5 Upcoming IPOs in May 2025

An IPO or Initial Public Offering is when a company sells its shares to the public for the first time. When you invest in an IPO, you get a chance to become a part-owner of that company. One of the biggest benefits of investing in IPOs is that you may get the shares at a lower price. Companies often offer their shares at a special price during the IPO. If the company performs well later, the share price may increase, and you can sell your shares at a profit.

Another benefit is the possibility of listing day gains. This means when the shares start trading on the stock market, the price may go up on the very first day. Many people invest in IPOs just for this reason — to earn a quick profit on listing day. However, this depends on demand for the shares and overall market conditions.

Investing in IPOs can also be good for long-term growth. If the company becomes successful in the future, your investment can grow a lot over time. If you are new to the stock market, be sure to check out our earlier blog post titled What is an IPO and How It Works in the Stock Market — it’s a great starting point to understand the basics before you dive into investing.

List of Top 5 Companies Launching Their IPOs in May 2025

Here’s an introduction to the top five companies launching their IPOs in May 2025, along with a summary of their business profiles and recent performance in the Indian market.

1. Schloss Bangalore Ltd (Leela Hotels)

Schloss Bangalore Ltd, backed by Brookfield, operates the iconic Leela Hotels and Resorts chain, one of India’s largest luxury hospitality brands. The company manages 13 properties with over 3,500 rooms across key business and leisure destinations, covering a significant share of both international and domestic air traffic in India. 

The IPO, opening from May 26 to May 28, 2025, aims to raise ₹3,500 crore, with proceeds primarily used to repay debt and for general corporate purposes. The company has shown resilience and growth, expanding its footprint and planning to add nearly 700 new rooms by 2028. Its strong presence in high-barrier markets like Delhi, Bengaluru, and Chennai underlines its leadership in the luxury hotel sector.

2. Aegis Vopak Terminal Ltd

Aegis Vopak Terminals Ltd is the largest third-party tank storage operator in India, specializing in storage and handling of LPG and liquid products. The company operates a network of terminals across five major Indian ports, managing about 23% of the country’s liquid imports and 61% of LPG imports. 

The IPO, revised to ₹2,800 crore, opens on May 26, 2025, and will be used to repay debt, expand terminal capacity, and acquire a cryogenic LPG terminal in Mangalore. Despite subdued profits in recent years due to high interest costs, the company’s fundamentals are strong, with an annualized RoE of 10.08% and a RoCE of 9.61% as of June 2024. The IPO is expected to strengthen its balance sheet and fuel future growth.

3. Prostarm Info Systems Ltd

Prostarm Info Systems Ltd is an integrated power solutions provider, manufacturing UPS systems, lithium-ion battery packs, and solar hybrid inverters, and executing turnkey solar photovoltaic projects. 

The company reported revenues of ₹268.62 crore and a profit of ₹22.10 crore for the first nine months ending December 2024, demonstrating consistent growth. The ₹168 crore IPO, opening on May 27, 2025, will fund capital expansion, debt repayment, and strategic acquisitions. Prostarm’s client base includes major corporates such as L&T, Tata Power, and Bajaj Finance, and it operates three manufacturing facilities and 21 branches across India, servicing a wide range of industries from healthcare to IT

4. Nikita Papers Ltd

Nikita Papers Ltd. is an Indian company specializing in the manufacture of eco-friendly kraft paper, with a strong emphasis on sustainability and recycling. Established in 1992, the company has over three decades of experience in the paper manufacturing industry

Nikita Papers specializes in producing 100% recycled kraft paper, catering to the specialty paper market in India. Their product range is designed to support sustainable packaging solutions, contributing to environmental conservation efforts.

In the fiscal year 2024–2025, the company reported removing 200 million kilograms of municipal waste from the environment, selling over 110,000 tons of tree-free kraft paper, and generating 100% of its in-house power from renewable sources.

Nikita Papers serves customers across India and has a presence in international markets. The company is known for its commitment to sustainable practices and has been recognized as one of India’s top manufacturers of recycled kraft paper .

As of May 2025, Nikita Papers has filed for an Initial Public Offering (IPO), indicating plans to expand its operations and market reach.

5. Blue Water Logistics Ltd

Blue Water Logistics Limited is a Hyderabad-based logistics and supply chain company established in 2010. The company specializes in comprehensive freight forwarding services, including sea, air, and land transportation, customs clearance, project logistics, and warehousing solutions. With a focus on end-to-end logistics, Blue Water Logistics has expanded its operations across India, maintaining branches in cities such as Chennai, Delhi, Jaipur, Visakhapatnam, and Thane .

The company is currently in the process of launching its Initial Public Offering (IPO), scheduled to open on May 27, 2025, and close on May 29, 2025. The IPO aims to raise approximately ₹40.50 crores, with shares priced between ₹132 and ₹135 each. The funds are intended for capital expenditure, including the purchase of vehicles, and to meet working capital requirements. The company’s financial performance has shown growth, reporting a revenue of ₹196.29 crores and a profit of ₹10.67 crores in the fiscal year 2025 .

Conclusion

To wrap it up, May 2025 is shaping up to be an exciting month for IPO enthusiasts! Whether you’re drawn to the elegance of Schloss Bangalore (The Leela Hotels), the fast-moving world of Blue Water Logistics, or the solid foundation of Nikita Papers, there’s something for every kind of investor. Add to that the tech-savvy approach of Prostarm Info Systems and the fresh innovations from Astonea Labs, and you’ve got a lineup that truly showcases the energy and diversity of India’s booming IPO market. It’s a great time to explore these new opportunities and be part of some potentially game-changing growth stories.

Disclaimer: The information provided above is for informational purposes only and is based on publicly available data as of May 23, 2025. It does not constitute investment advice, financial advice, or a recommendation to buy or sell any securities. Readers are advised to conduct their own research, consult with certified financial advisors, and carefully review the official prospectus and disclosures provided by each company before making any investment decisions.